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30
Everything's crashing - help!
The jobs report played a role, but it's looking to me like a lot of this sharp down draft has to do with the yen carry trade. In a nutshell, the unwinding of the yen carry trade is as follows. Foreigners borrowed money in yen because interest rates in Japan were so low. They used the borrowed "free" money to purchase stocks in the hopes of higher returns. Recently, the BOJ started raising interest rates which not only raised borrowing costs in Japanese yen, but has caused the yen to significantly appreciate. With the yen appreciating, the cost of repaying those loans in Japanese yen for foreign borrowers just got more expensive, and in a rush to close out those loans before the yen appreciates further, the assets which were purchased with this borrowed money are being liquidated, which is a big part of the reason why you are seeing these down drafts in the market just yet. Another indicator that the yen carry trade is what's behind the correction is that the US treasury market on stabilized on Tuesday, with the short end of the yield curve actually rising. If fears of a recession were the primary driver behind the sell off, I believe you would have still been seeing bond yields dropping on Tuesday. A word to the Bitcoin fans: fasten your seatbelts. My suspicion is that a lot of that Yen carry trade speculative investing had to have found its way into crypto-currencies, which is why you saw BTC plunge to around 50K, and I suspect it has further to go on the downside. -
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3
Shop Owner in Khon Kaen Duped into Purchasing Water Instead of Beer
Wonder how ordinary that water was 🤔 -
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4
Import to Thailand with Thai Post very slow?
Thanks for your comments. I know little about the shipping. This is a parcel from a Kickstarter project from a YouTuber. As far as I remember, I selected the cheapest shipping option, because I don't need this urgently. But until now, when I received anything from anywhere with the Thai Post, I don't remember that it was ever more than a week before I saw any shipping updates once it was on its way. I guess I will wait another week and if I don't see any updates then I will look what I can do about that. Here is what I see today: -
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7
Train Crushes Unidentified Man Laying on Tracks in Pattaya
Think it said he saw the body on the tracks, tooted his horn, but no way could the train be stopped in time. -
53
Pattaya Plans Red Line Monorail to Boost Urban Mobility
As I drove down soi Yume Sunday, trying to pass a parked vehicle that blocked both the disabled lane, and the main traffic lane, I concluded there never will be! -
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3
Homeless man makes himself comfy in Bangkok cop’s condo
Hey you "Jimmy" accommodation sorted for the next 3 years 🤔 -
12
Thailand unveils new visa rules, sparks mixed reactions
Every man and his dog will be landing in Thailand spending little but using infrastructure services to the max( Bad Mix) -
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41
Cheap houses in Japan
Land no, homes you can. Even if it's in your wife's name, it's yours also, and you can live there indefinitely. You move, leaving Thailand, it's hers. You sell it, you split the profit. -
10
Five Thai teenagers arrested for beach attack
Deflection....... it is an issue needing action when attacking with knives and serious injury is involved, -
3
Pattaya Police Round Up Bolt Drivers Involved in Clash with Kuwaiti Tourists
People of AN your attention please!! A whole bunch of posts which contravene our Community Standards have been removed. Let's keep it civil and on-topic shall we? I've not pressed the "Holiday" button for a while and my finger is itchy!- 1
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